THE RACQUET CLUB OF CHICAGO (EIN 361659860) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1922

Legal Domicile

Principal Officer

ETHAN O MEERS

Phone

3127873200

Tax Period

2024-03-01 to 2025-02-28

THE RACQUET CLUB OF CHICAGO, founded in 1922, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $6.5M left a modest 4% surplus.

Mission

A PRIVATE MEMBERSHIP CLUB TO SERVE THE SOCIAL AND RECREATIONAL NEEDS FOR THE BENEFIT OF ITS MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,236,541

Investment Income $0

Other Revenue $1,555,802

TOTAL REVENUE $6,792,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,244,299

Fundraising Expenses $0

Other Expenses $2,252,937

TOTAL EXPENSES $6,497,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,792,343	$6,260,831	+0.1%
Expenses	$6,497,236	$6,445,419	+0.0%
Net Income	$295,107	$-184,588	-2.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

106

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$338,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ETHAN O MEERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JACK R BROWN END 524	PRESIDENT	2.00	Officer Director	$0	$0	$0
W MARTIN KINSELLA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
FRANCIS F FREEMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
PETER J PACELLI	TREASURER	2.00	Officer Director	$0	$0	$0
CONOR JAY ALLEN END 524	DIRECTOR	2.00	Director	$0	$0	$0
V JAMES ARMOUR	DIRECTOR	2.00	Director	$0	$0	$0
ZACH G BINSWANGER	DIRECTOR	2.00	Director	$0	$0	$0
ARTHUR B COLBY	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM F FITZSIMONS	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM R FIX	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER K GORTER	DIRECTOR	2.00	Director	$0	$0	$0
WALTER S KASTEN	DIRECTOR	2.00	Director	$0	$0	$0
BRETT KEDZIOR	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS E LANCTOT	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN B LEWIS SR	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT P MCLEAN	DIRECTOR	2.00	Director	$0	$0	$0
FREDERICK F PHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
R BAKER THOMPSON END 524	DIRECTOR	2.00	Director	$0	$0	$0
DEVIN J VRABEL	DIRECTOR	2.00	Director	$0	$0	$0
DAVID BH WILLIAMS END 524	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD DUGGAN	GENERAL MANAGER	40.00	Officer	$320,921	$17,533	$338,454
JOHN CASHMAN	HEAD PRO	40.00	Highest	$127,965	$33,433	$161,398
MIGUEL CORONEL	EXECUTIVE CHEF	40.00	Highest	$251,106	$38,355	$289,461
JAN LOWISZ	ENGINEER	40.00	Highest	$129,863	$5,289	$135,152
MARK TOKARSKI	ASSISTANT MANAGER	40.00	Highest	$103,470	$6,797	$110,267

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$6,792,343	$6,497,236	$13,202,897	$295,107
2024	$6,260,831	$6,445,419	$12,715,569	$-184,588
2023	$6,140,352	$6,738,468	$12,548,063	$-598,116
2022	$4,969,265	$5,142,445	$13,310,102	$-173,180
2021	$3,836,658	$4,501,715	$13,365,631	$-665,057
2018	$5,358,023	$5,144,005	$13,575,114	$214,018

THE RACQUET CLUB OF CHICAGO